Profile of frondoto in Optimism
Posts by frondoto
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: Jan. 17, 2023, 2:10 p.m.
Content: Thank you @lavande for opening the thread again. Here is a quick update of what we have been working on with our proposal. I wanted to pull up some graphs about our vaults but our DB is currently down, but will definitely do that in the next update. Beefy’s Optimism grant proposal got approved on the 3 rd of August. Beefy’s TVL at the time was $ 10 M. Less than 6 months later we are currently sitting at $ 50 M TVL, meaning a 5 fold increase in TVL despite the market not changing significantly in that period. Beefy received 650 , 000 OP tokens, comparing the amount of OP tokens/TVL, Beefy’s proposal was one of the most efficient in terms of acquiring new users and deposits. We believe that the nature of the multi-chain app made it super easy for users to move their funds to Optimism, to capture the most attractive yields. We requested the grant to cover 3 fronts, get BIFI liquidity on Optimism, put Optimism protocols on the spotlight and introduce them to our users, and an allocation to cover development efforts/costs. In terms of the BIFI liquidity, as soon as we received the grant, we reached out to our Velodrome frens, which made it extremely easy and frictionless to get liquidity for our pair. We are currently bribing veVELO holders (and getting matching bribes from Velodrome) for a total of 4380 OP weekly in BIFI-OP and BIFI-ETH, making Optimism the best blockchain to trade BIFI. https://twitter.com/beefyfinance/status/ 1612531815591321611 1 In terms of ecosystem boosts, we showcased Synthetix (SNX-USDC, sUSD- 3 pool), Velodrome (VELO-USDC), and Lido (wstETH-ETH, wstETH-LDO). We also ran a small campaign with Layer 3 to reward Optimism users to try our newly developed Zap function. METRICS. We are continuingly looking for new protocols to boost, currently looking at KWENTA, SONNE, and other protocols stepping hard in Optimism. In terms of developer allocation, we reimbursed developers that deployed new strategies and vaults. This generated that Beefy has the most complete offering for auto-compounding vaults on Optimism (We support almost any platform that passed our safety requirements) for a current total of 83 vaults. This developer allocation also helped us incentivize the creation of beVELO, the auto-compounding version of locked VELO. beVELO currently is the address with the most VELO locked. You can see here a live tracker of how we are spending our grant: Microsoft Power BI 8 Overall the grant allowed us not only to acquire new users, but also to create strong relationships with tier 1 protocols on Optimism. Thanks to DefiLlama we can see how steady Beefy’s TVL is growing on Optimism currently sitting at all time highs. 1600 × 514 47 . 5 KB I hope this info is useful and looking forward if you have questions or doubts about our data!
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[DRAFT] [GF: Phase 1 Proposal] DefiLlama Reports
by frondoto - No Role
Posted on: Nov. 1, 2022, 7:39 p.m.
Content: Defillama has proven to be a vital part of the DeFi landscape. Constantly working on improving tooling, and data access. Also the team is always expanding their products showing they are here to stay. Defillama puts every protocol in the same level, giving users the opportunity to sort through fuzz and marketing and look directly into the metrics that matter. I can’t think of “Doing my own research” without them. That said, before reading the proposal I was concerned of what could DefiLlama offer for the grant, but the reports sound like an excellent idea. I haven’t seen them yet but I know the information there will be trustworthy, verified, relevant, and accurate. Also DefiLlama information gets picked up by the biggest news outlets, making these reports a perfect opportunity to showcase the amazing metrics Optimism is obtaining.
Likes: 1
Replies: 0
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[DRAFT] [GF: Phase 1 Proposal] DefiLlama Reports
by frondoto - No Role
Posted on: Nov. 1, 2022, 3:39 p.m.
Content: Defillama has proven to be a vital part of the DeFi landscape. Constantly working on improving tooling, and data access. Also the team is always expanding their products showing they are here to stay.
Defillama puts every protocol in the same level, giving users the opportunity to sort through fuzz and marketing and look directly into the metrics that matter. I can’t think of “Doing my own research” without them.
That said, before reading the proposal I was concerned of what could DefiLlama offer for the grant, but the reports sound like an excellent idea. I haven’t seen them yet but I know the information there will be trustworthy, verified, relevant, and accurate.
Also DefiLlama information gets picked up by the biggest news outlets, making these reports a perfect opportunity to showcase the amazing metrics Optimism is obtaining.
Likes: 1
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: Aug. 5, 2022, 2:56 p.m.
Content: Hey @lavande I just sent you an email. Cheers!
Likes: 0
Replies: 0
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: Aug. 1, 2022, 6:39 p.m.
Content: Thank you for your vote. Beefy is stepping strong in LATAM and we hope to keep expanding there! Will keep you informed.
Likes: 2
Replies: 0
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: July 21, 2022, 5:59 p.m.
Content: Thank you for your feedback @solarcurve . I know you are quite involved in Optimism governance so seeing our proposal align with your vision is encouraging. :smiley:
Likes: 1
Replies: 0
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: July 21, 2022, 1:59 p.m.
Content: Thank you for your feedback @solarcurve . I know you are quite involved in Optimism governance so seeing our proposal align with your vision is encouraging. :smiley:
Likes: 1
Replies: 0
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: July 20, 2022, 2:46 p.m.
Content: Edited the proposal with @OPUser suggestion. The incentivized liquidity will be in the BIFI-OP pair instead of BIFI-ETH
Likes: 2
Replies: 0
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: July 20, 2022, 10:46 a.m.
Content: Edited the proposal with @OPUser suggestion. The incentivized liquidity will be in the BIFI-OP pair instead of BIFI-ETH
Likes: 2
Replies: 0
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[READY] [GF: Phase 1 Proposal] Beefy
by frondoto - No Role
Posted on: July 18, 2022, 2:31 a.m.
Content: Hey there! I just edited the main post with the DeFillama link to our TVL, and added the mention about the DAO vote to continue the LM incentives. About distributing OP based on TVL, I have compromise to be close with the Optimism community and communicate the impact of our activities through the different ways we have to measure the success (TVL of vaults, token holders, size of deposits, etc) I think that will generate the same effect (see that the OP is being mindfully used, and the impact of the activities) without locking ourselves with some solid structure. Thanks for your feedback @OPUser !
Likes: 1
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